Bank’s Sentance calls for revaluation of sterling rate
Andrew Sentance, an external member of the Bank of England's Monetary Policy Committee, on Tuesday said the Bank had allowed the pound to depreciate to an undesirable level and called for the currency to return to a more balanced value.
At a lunch in Manchester, UK, Sentance said: "Throughout the post-war history of the UK economy, policymakers have had to strike a balance between the impact of the external value of the currency on the competitiveness of exports and its potential effect on
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